Sector — Real Estate
Tenby Properties
The group's real estate business, holding and developing residential and commercial property, primarily in Lagos.
The business
A long-term approach to property.
The business takes a long-term approach to property. Assets are selected and developed with the intention of holding them over extended periods rather than relying on short-term changes in the market.
That approach affects every stage of the property business, from choosing a location to assessing a site, developing a building, and managing the asset after completion.
The approach
Held for the long term
Tenby Properties is built around ownership rather than frequent trading.
A property that is expected to remain within the portfolio has to make sense beyond the moment it is acquired. Its location, construction, surrounding environment, ongoing costs, and potential use all matter because the asset is being considered over a much longer period.
This also gives the business room to take the time required to develop a property properly. Development decisions do not have to be driven solely by a short resale window.
The portfolio
What we hold
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Held
Residential property
Tenby Properties invests in residential assets selected for their long-term suitability.
Location is central to the decision. A property needs to sit in an area with the characteristics that can support continued demand over time, while the quality of the building itself needs to support its use and upkeep over the life of the investment.
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Held
Commercial property
The commercial portfolio focuses on property intended for business use.
The same long-term principles apply. Location, functionality, construction quality, and the needs of potential occupants all influence whether an asset makes sense for the portfolio.
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Development
Development sites
The business also develops property where the opportunity requires construction rather than acquisition of an existing building.
Development is approached according to the requirements of the site and the intended property rather than forcing every project into the same timeline. This allows planning, construction, and other stages of development to be considered as part of the asset's longer life.
The tests
How we assess property
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Location
The location of a property cannot be changed after acquisition, making it one of the earliest considerations in the investment process. Tenby Properties considers where an asset sits and the characteristics of the surrounding area before moving to the details of the property itself.
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Quality
A property is a long-term asset, so the quality of its construction matters beyond the initial purchase or development cost. The assessment considers the building itself and the practical requirements of maintaining it over time.
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Long-term viability
The final question is whether the property remains a sound asset without depending entirely on short-term market movements. The business looks for opportunities that can make sense over a longer holding period, rather than relying on a specific market event or a quick change in value.
Looking ahead
Why the holding period matters
The decision to hold property for the long term changes how the business approaches its assets. It places greater importance on location, construction quality, usability, maintenance, and the conditions that support an asset over time.
It also allows Tenby Properties to approach development with a longer horizon. The objective is to build and hold assets that can remain useful and relevant as the areas around them develop.
The portfolio will continue to grow through a combination of property acquisition and development, with the focus remaining on assets that can be held and managed over the long term.
At a glance
The facts
Sector
Real Estate
Operating name
Tenby Properties
Covers
Residential, commercial, development
Located
Primarily Lagos
Status
Operating
Get in touch
Contact us
Office
1 Idowu Akindele Crescent,
Magodo Phase 2, Lagos